$SOL USDT Trading Signal – Bearish Momentum with Key Support at $206
Solana (SOL) is currently priced at $211.42, showing a 6.60% decline in the last 24 hours. After hitting a high of $244.70, consistent selling pressure has pushed the price down to a low of $206.74. The price action suggests a bearish trend, with important support and resistance levels to watch for the next move.
Short Entry Strategy:
Entry Zone: $212 - $215
Target 1: $207
Target 2: $200
Stop Loss: $220
Long Entry Strategy:
Entry Zone: $206 - $209 (if support holds)
Target 1: $218
Target 2: $225
Stop Loss: $204
Market Overview:
SOL is testing a key support level around $206.74. A drop below this level could push the price to $200. However, if buyers defend the support, a rebound to $218 may occur. Traders should keep an eye on the $206-$209 range for confirmation of either a reversal or continued downside.
Pro Tip:
Be cautious of false breakouts, especially in volatile markets. Wait for clear confirmation before making trades.
